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Stock A has the following returns for various states of the economy: State of the Economy Probability Stock A's Return Recession 5% -15% Below Average

Stock A has the following returns for various states of the economy: State of the Economy Probability Stock A's Return Recession 5% -15% Below Average 25% -2% Average 40% 9% Above Average 25% 14% Boom 5% 15% Stock A's expected return is:

8.35%

8.85%

7.35%

6.60%

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